A Gap-Up Opening Will Expect After a Long Time...

Daily Equity Bulletin

In the Last trading session, Indian Indices ended on a positive note. Drop in crude oil prices and a surge in the rupee supports the positive outlook. Brent Crude Oil steadies after a 8% drop in last four days as improving oil flow in Hormuz and renew new diplomatic efforts.

Asia-Pac equities open at a high note, as Nasdaq outperform Meta surge and AMD crossing $1 trillion market cap.

Gift Nifty indicates a positive opening for the day.

Nifty

In the Last session, Nifty closed up with 0.29% at 23414. Strong Support around 23350, break below this level will see a fresh downside move towards 23260-23200 levels. Resistance around 23450, break and sustain above this level will see an upside move till 23550 level. Fresh bull run will expect above 23555 mark.

📌 Trading Strategy:

Buy Nifty future above 23500

🎯 Target: 23620-23700

🚫 Stop Loss: 23400

Bank Nifty

In the previous session, Bank Nifty ended on a higher note. Support around 56200, break below this level will test downside level till 56000-55800 mark. On the other side, major resistance around 56550, break and sustain above this level will see upside move till 56800-57000.

📌 Trading Strategy:

🔺 Buy Bank Nifty future above 56600

🎯 Target: 57000-57200

🚫 Stop Loss: 56300

Top Pick- TECHM

Buy TECHM 1560 CE above 25. Stop loss below 15. Target-35-40.